59, THE RIDGEWAY, FARNSFIELD, NEWARK, NG22 8DW - £190,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

59 THE RIDGEWAY is a very small detached house of 58m², built sometime between 1950 and 1966, which could now be worth an estimated £270,580. It was last sold for £190,000 in June 2016, which was around 23% below the average June 2016 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was D.

59 THE RIDGEWAY Sold Prices

Land registry data shows four sales for 59 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 59 THE RIDGEWAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2016 29 JUN	£190,000	£247,168	23% below HPI
2014 11 JUL	£165,000	£228,223	28% below HPI
2006 17 MAR	£160,000	£208,100	23% below HPI
1996 18 JAN	£43,000	£72,960	41% below HPI

59 THE RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The four 59 THE RIDGEWAY sales between January 1996 and June 2016 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2014 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2016 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 59 THE RIDGEWAY be worth now?

59 THE RIDGEWAY might now be worth an estimated £270,580.

This is based on house price inflation of 42.4%, between June 2016 and February 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.4% inflationary increase is applied to the most recent sale price for 59 THE RIDGEWAY of £190,000 on 29th June 2016. For the value to have increased from £190,000 to £270,580 over the nine years and four months to February 2025, the following assumptions must hold true:

• The value of 59 THE RIDGEWAY has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The June 2016 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 59 THE RIDGEWAY has not materially changed since June 2016.

How Large is 59 THE RIDGEWAY?

59 THE RIDGEWAY is 58m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of detached houses houses in Farnsfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Farnsfield, and where 59 THE RIDGEWAY lies on this distribution: 1% of detached houses houses are smaller than 59 THE RIDGEWAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Farnsfield.

59 THE RIDGEWAY: Plot and Title Map

59 THE RIDGEWAY sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 59 THE RIDGEWAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 59 THE RIDGEWAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 59 THE RIDGEWAY?

59 THE RIDGEWAY is located in FARNSFIELD, in the NG22 postcode district. The below map shows the position of No. 59 on THE RIDGEWAY.